When it comes to completing mission-critical projects or transactions, having the appropriate virtual data room service to work with is vital. However there are a variety of providers to choose from. Not all are created equal – and small differences in features prices, features, and interfaces can have a significant impact when the deal is on the line.
This article will help you locate the most effective virtual data rooms based on your requirements. We review key aspects such as functionality, cost structures and security implementations to help you determine the best solution for your company.
Traditional Providers
The traditional VDR solutions are characterized by their old software and pricing models per document. They also have a a steep learning curve and are lacking many tools that can simplify the process.
Modern Providers
A newer breed of virtual data room providers has emerged, offering Software-as-a-Service models that significantly improve efficiency and reduce costs while delivering professional-grade document control. These vendors are geared towards mid-sized companies and investment banks.
iDeals is a top virtual data room provider with an emphasis on facilitating due diligence in M&A real estate, biotech and technologies. In contrast to competitors that require users to install plugins, iDeals works with all operating systems, web browsers, and mobile devices. Its features include upload speeds of 5MB/second and SmartLock that permits revoking access after documents have been downloaded, built-in redaction, and DocuSign integration. Its support is available around the clock and comes with a variety of languages.